Last Updated on 3 years by Komolafe Bamidele
Payoneer is the United States, New York based online payment solution that handles money transfer safely and securely to over 200 countries worldwide.
payoneer card fees is very low compared to other financial institutions It offers a Free Payoneer Prepaid MasterCard® that can be used on MasterCard supported ATM booths.
Tables Of Contents
- 1 What is Payoneer All About?
- 2 Payoneer Funding Sources and Partners
- 3 Payoneer Card Fees: 3 Main payment services Payoneer offers
- 4 Payoneer card fees Exchange Rate & Fees
- 5 Payoneer Transfer To Bank Account
- 6 Payoneer Withdraw To Bank Account Fees
Payoneer provides global payments service and handle online transactions with easy across broader whether you are a blogger, a freelancer or an affiliate marketer,
you can send and receive payments with minimal cost of transaction, comparing to others payments processor like Paypal which are mostly unsupported countries like Nigeria, Ghana, Bangladesh, and Pakistan, e.t.c, even with higher transactions fees.
What is Payoneer All About?
Payoneer MasterCard is a Prepaid Debit Card that won’t cost you any fees except the Card that will cost you around $29.9 yearly have been become verified as Payoneer Account holder payoneer card fees are low, it’s a global card that can be used in most places where MasterCard is allowed including online shopping or stores that support MasterCard.
You can also withdraw Payoneer money from your local bank and at any ATM in the world that displays the MasterCard® logo. Payoneer Prepaid MasterCard allows you to have instant access to your local currency cash.
Payoneer provides user various methods of withdrawing, you don’t need to have a bank account to get a free MasterCard and withdraw you cash, interestingly, transacting & funding methods & ways for which there are various charges & fees associated with your account,
Payoneer Funding Sources and Partners
As you may know Payoneer only accept payments from its various partners and affiliates such as freelancing sites like Freelancer
Also, some US based Cpa and Affiliate companies like Clickbank, Shareasale, etc. In which revenue will be credited through Free Virtual US Bank account assigned to you Mastercard.
Payoneer Card Fees: 3 Main payment services Payoneer offers
Mass Payout Services: Payoneer helps marketplaces like Upwork and Airbnb send payments to freelancers and contractors.
Billing Service: If you’re a business owner or a freelancer, you can request payment from your clients.
Make a Payment: Send money to any other Payoneer account. You need to actively receive payments before you can access Make a Payment.
Payoneer Global Payment Service
Payoneer offers different currencies with Free Virtual Bank account assigned to such currency to received payments from different companies such as this currencies includes:
Payoneer card fees Exchange Rate & Fees
PAYONEER PREPAID MASTERCARD FEES
|Card Replacement (if lost)||$12.95|
|Withdraw funds||$3.15 per withdrawal + normal ATM sub-charges|
Payoneer Receive Payments Fees
- Charges for Global Payment Service, 1%.
- Make A Payment payment options Free of charge.
- Direct Payments From Customers Up to 3%.
- Payments From Payoneer affiliates and C.p.a partners is set outside Payoneer fees and rate backdoor.
When you use the Billing Service to receive payments, you’ll pay different fees for payment by credit card or eCheck.
|Billing Service||Billing fees|
|Via credit card (all currencies)||3% fee|
|Via eCheck USD||1% fee.|
Loading Card Fee from Payoneer Partners
1% will be charged for money loaded into the card. This fee is waived for our readers who used our referral link.
Bank wire fees: fee and Rates are set by respective banks, thus the rate and fees vary it depends on local banks charges.
Payoneer charges you 2% whenever you withdraw payments from your Payoneer account in a different currency via a bank account, In some countries, that fee may be 2.75%. As mentioned above Payoneer Mastercard card $3.15 /3.5% of your
Payoneer Transfer To Bank Account
With the main goal to make transactions easy and convenient on payoneer the company recent added payoneer transfer to bank account features which allows users to transfer their directly to their local bank account at current and mid exchange rates.
With Payoneer’s Withdraw to Bank Service, you can transfer funds from your Payoneer account, directly to your local bank account in over 150
This payment has made best among most of it competitors like transferwise because even they offer payoneer MasterCard but you don’t really need payoneer before you can withdraw your fund from payoneer.
So you’ve to try payoneer transfer to bank account features today
Payoneer Withdraw To Bank Account Fees
Payoneer has just added the payoneer bank withdrawal features Low Fees & No Hidden Costs and chances to save up to 71% Withdraw your funds at excellent mid-market rates easily as if you had a local bank account.
When withdrawing to a local bank account in a different currency, the fee applied for this transaction will be up to 2%. With minimum of $50.
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